Kalpataru Projects International Limited (KPIL) announced significant leadership changes following its Board meeting on November 5, 2026. The Board approved the appointment of Mr. Amit Uplenchwar as Joint Managing Director & CEO (designate), effective January 1, 2027, for a term of five years. Additionally, the Board approved the reclassification of Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga from the ‘Promoter Group’ to the ‘Public’ category.
Leadership Elevation at Kalpataru Projects International
In a significant move for Kalpataru Projects International Limited (KPIL), the company’s Board of Directors, during their meeting on November 5, 2026, approved the elevation of Mr. Amit Uplenchwar to the position of Joint Managing Director & CEO (designate). This decision was made upon the recommendation of the Nomination and Remuneration Committee.
New Role and Term
Following this approval, Mr. Uplenchwar will officially assume the role of Additional Director; Joint Managing Director & CEO (Key Managerial Personnel) effective January 1, 2027. His tenure in this capacity is set for a period of five years, concluding on December 31, 2031, subject to shareholder approval. Mr. Uplenchwar is not related to any existing Director on the Board and has no prior debarment from holding a directorial position.
Promoter Group Reclassification
The Board also considered and approved requests from Mr. Imtiaz Kanga and Mrs. Yasmin Imtiaz Kanga to be reclassified from the ‘Promoter Group’ category to the ‘Public’ category. This reclassification is in accordance with Regulation 31A of the LODR Regulations. The Board noted that the conditions prescribed under Regulation 31A(3)(b) were met, and the approval is contingent upon obtaining necessary shareholder and regulatory approvals.
Brief Profile of Mr. Amit Uplenchwar
Mr. Amit Uplenchwar brings over three decades of extensive experience in various facets of business, including corporate strategy, operations, business development, mergers & acquisitions, and international business management across sectors like transportation, power, water, oil & gas, and aerospace & defence. He holds a Bachelor of Engineering in Mechanical Engineering and an MBA in Finance and Information Technology. Prior to joining KPIL, he held key positions at reputed organizations such as Hindustan Construction Company (HCC), Adani Ports and SEZ, and Dodsal Engineering and Construction. During his tenure at KPIL, he has been instrumental in strategic initiatives, including the divestment of non-core subsidiaries and expansion into international markets, securing marquee projects from Saudi Aramco and a major gas pipeline project in the UAE.
Source: BSE
